A $90 million electric substation among 10 new projects approved

PHNOM PENH: A project to develop a substation and a 230-kilovolt high-voltage electricity transmission line from Kampong Cham province to Kratie province has been approved by the Council for the Development of (CDC).

According to a press release from the CDC made public yesterday, with an investment capital of $92.2 million, the project is invested by Cambodian Transmission II Co., . and could create some 464 jobs for the locals.

At the same time, the CDC also gave the green light to nine other investment projects covering the production of pet food, toys and clothing, hats, bags, shelves, and so on.

The newly approved projects, amounting to $54.25 million, would generate a total of nearly 14,000 job opportunities.

Last month, Cambodia saw a total of 23 new investment projects worth over $480 million, mostly in the garment sector, and could create jobs for nearly 35,000 workers.

During the first six months of this year, the CDC granted the green light to 113 investment projects and investment expansion projects with a total capital of US$1,105 million.

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